Online retailing achieved a gross turnover of HUF 631 billion in the first half of this year, 8.8% more than in the same period last year, according to the digital retailing survey by market research company GKID and Mastercard. The summary, says web sales grew 7.7% in the first quarter and 9.8% in the second […]
Waberer's International is to acquire a 55% stake in Serbian distributor MD International and an option to buy the remaining 45%, the company announced on the Budapest Stock Exchange (BSE) website on Friday. The purchase price of the transaction was not disclosed. According to the statement, MDI is a major player in the Serbian FMCG […]
Hungarian-born biochemist Katalin Karikó overcame numerous professional setbacks before shooting to stardom as one of the inventors of the mRNA technology used in two COVID-19 vaccines. The scientist talked to Diplomacy&Trade back in 2021 about her love for science, the outcome of the pandemic and the curing power of her invention. The name Katalin Karikó […]
German-owned Meleghy Automotive implements a EUR 22.9 million investment in Miskolc with the aim of establishing production capacities in Hungary. Some 12% of the costs are borne by Hungarian taxpayers through a government decision. The project of the premium automotive supplier is said to create 55 new jobs. Meleghy & Cie Automotive GmbH can pride […]
The Hungarian National Committee of UNESCO held a commemoration ceremony in Budapest on Tuesday to mark 75 years since Hungary joined the world organization. In his opening speech, Miklós Réthelyi, President of the Hungarian National Committee of UNESCO, asked the speakers to highlight in their remembrances the enduring values that have defined the ideas and […]
A business forum, a pastry competition, concerts, film screenings and food specialities will be held in the southern Hungarian city of Pécs between October 4 and 8 as part of the Swiss Days event series. The event will kick off with a Swiss-Hungarian business forum entitled "Circular Economy for a Sustainable Future", which will also […]
As part of the European Sports Week #BEACTIVE campaign and the 150 Years of Budapest program, the 18th edition of the NATO Run will take place this Sunday, with participants running through the most beautiful parts of Buda. According to the Budapest Athletics Association, the 10-kilometer NATO Run will start at 11 a.m. from Vérmező, […]
Almost 94 images from around the world will be on display at the World Press Photo exhibition at the Hungarian National Museum (MNM) from Friday, featuring the best and most important photojournalistic and documentary photographs of the past year, and visiting Hungary as well as 30 other prominent locations. Speaking at the opening ceremony, Désirée […]
Kevin Macdonald and Andrew Macdonald, two of the most successful brothers in British cinema today, took Hungarian citizenship on Thursday at the Hungarian Parliament. Their grandfather was Imre Pressburger. Andrew and Kevin Macdonald, the two grandsons of the Hungarian-born Oscar-winning screenwriter, film director and producer Emeric Pressburger (born Imre Pressburger), took up Hungarian citizenship alongside […]
German ceramics manufacturer Villeroy&Boch has carried out a series of investments worth EUR 14 million (more than HUF 5 billion) in Hódmezővásárhely, SE Hungary over three years. The company is expecting a shortfall in revenues this year due to the downturn in the construction industry, the director of the company's bathroom and wellness division, Georg […]
According to the report OXO Technologies Holding Plc. published for the first half of 2023 on the website of the Budapest Stock Exchange, its business results show the successful management of the investment company, increasing profitability and dynamic growth of its assets under management. The technology holding company, which has been present on the domestic […]
Mapei Ltd. is investing HUF 8 billion to build a new production line for roofing materials and a 12,000-square-meter warehouse in Hungary, the company, which manufactures and distributes building materials, told MTI on Wednesday. The development, to be completed by 2025, will be able to supply not only Hungary but also the region with high-quality […]
The EFOTT and the Campus Festival attracted a large number of guests this July, the Hungarian Tourism Agency (MTÜ) told MTI. EFOTT, originally launched as the National Tourism Meeting of University and College Students, was again hosted in Sukoró, near Lake Velence, southwest of Budapest, where almost nine thousand guest nights were spent between July […]
The AutoWallis Group is expanding its services portfolio in one of the mobility market’s most dynamically growing areas, after acquiring ownership of the company (Wallis Autómegosztó Plc.) that operates Share Now in Hungary. As one of the most significant vehicle share service providers on the market, Share Now plans to continue dynamic growth with the […]
The volume of Hungarian exports increased by 3.9% in May 2023, while that of the country's imports decreased by 1.3% compared to the same period of the previous year. The surplus was EUR 1.1 billion, the balance improved by EUR 1.4 billion year-on-year, the Central Statistical Office reported on Monday. Compared to April, the seasonally […]
